(a) A person may not engage in check cashing or advertise, solicit, or hold itself out as providing check cashing for which the person receives at least $500 within a 30-day period unless the person:(1) is licensed under this subchapter;(2) is licensed for money transmission under subchapter 2 or approved to engage in money transmission under section 517;(3) is licensed for currency exchange under subchapter 4; (4) is an authorized delegate of a person licensed under subchapter 2; or(5) is an authorized delegate of a person approved to engage in money transmission under section 517.
(1) is licensed under this subchapter;
(2) is licensed for money transmission under subchapter 2 or approved to engage in money transmission under section 517;
(3) is licensed for currency exchange under subchapter 4;
(4) is an authorized delegate of a person licensed under subchapter 2; or
(5) is an authorized delegate of a person approved to engage in money transmission under section 517.
(b) A license under this subchapter is not transferable or assignable.